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NED
NED
NED - Nedbank Group - Dealings in securities by executive director and company
secretary
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group" or "the company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTOR AND COMPANY SECRETARY
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the
following information is disclosed in respect of the dealings in Nedbank Group
ordinary shares by the company secretary and an associate of the company
secretary of Nedbank Group and Nedbank Limited. The shares were purchased by a
subsidiary of the company between 27 March 2007 and 30 March 2007 and allocated
to the following individuals on 3 April 2007:
Number
of shares Price per Total
Name acquired share value
GS Nienaber 916 R141,92 R129 998,72
(Company secretary)
R Nienaber 916 R141,92 R129 998,72
(Associate of company secretary)
The above shares have been acquired under the Matched Share Scheme, the terms of
which are set out in the Nedbank Group (2005) Share Option, Matched Share and
Restricted Share Scheme.
In addition, the following Nedbank Group shares (previously acquired) have been
deposited in terms of the Matched Share Scheme:
Name Number of shares committed Value @ R141,92
MWT Brown 8 878 R1 259 965,76
(Executive director)
GS Nienaber 72 R10 218,24
R Nienaber 65 R9,224.80
The Matched Share Scheme allows for voluntary participation in that up to 50% of
an employee`s after-tax bonus may be used to acquire shares in the company. The
employee may dispose of these shares at any time prior to the vesting date,
which will cancel their participation in the Scheme in respect of these shares.
On the vesting date (the day following three years after the inception date) 50%
of the shares still held in trust in respect of the participant`s portfolio as
per the Scheme rules will be matched on a one for one basis if the person is in
the employ of the company and a further 50% of the shares held on vesting date
will be matched on a one for one basis if a predetermined company performance
target for the period 2007 to 2009 is met.
The required prior written clearance for the purchase of these shares and
participation in the share scheme has been obtained.
Sandton
3 April 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 03/04/2007 15:18:01 Produced by the JSE SENS Department.
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